HomeMy WebLinkAboutAGENCY AGREEMENT LETTER ME ADVERTISING Agency gency Agreement Letter
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Brad Hagen
Waterloo Regional Airport
2790 Livingston Lane
Waterloo, IA 50703
Dear Brad:
This letter confirms our understanding that you have retained ME&V, (ME&V) herein after
referred to as the Agency, as the advertising agency of record, and that you have agreed to the
Agency terms and conditions. This appointment is to become effective upon the signing of this letter
of agreement for a term of one year with two one-year options.
All moneys spent on your behalf will be bid in advance and within the budget, which must be
approved in writing by you before any advertising, or promotion programs are started. Total
expenditures will not exceed $300,000.
All advertising production (including PMT's, type setting, lithography, photography, recordings,
films, dubs, etc.)will be billed at our negotiated favorable cost, plus 24 % gross margin. Hourly rates,
where applicable, will be billed separately.
Final scope of work will be decided and agreed upon the quarter before execution. Out of
pocket expenses incurred by the Agency on your behalf for abnormal packaging, shipping or delivery,
long distance communication charges (telephone, fax), travel, mailing postage, etc., will be billed to
you at the Agency's cost without commission or markup.
You hereby agree to pay all invoices submitted by us on or before the due dates specified
thereon (15 days). In accordance with generally recognized procedures, the Agency will not be
required to finance your advertising program.
You agree to indemnify Agency from and hold it harmless against any and all losses, claims,
damages, expenses or liabilities which agency may incur based on any defect in products
manufactured or sold by you or any information and data concerning advertiser or its products,
provided the advertising or promotional material involved in such losses, claims damages, expenses
or liabilities has been approved by you for publication.
You agree to have Agency represent you to the media to request proposals, rates, invoices
and statements as well as negotiate favorable rates for the client.
If the aforementioned meets with your approval, please sign this letter and copies, then return
the copies to us. The original is for your files. Either party with a 30-day written notice may cancel this
letter of agreement. Thank you for the opportunity to help develop your business.
Sincerely,
1/14
Dee Vandeventer
President
Accepted for the Waterloo Regional Airport
By: /7 ��,,
Title: //1'1 ay 0 2 Date: / -I O 05
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CEDAR FALLS, IOWA 50613 WWW.MEANDV.COM